Cheapest Car Insurance In Pensacola, FL
Our investigation revealed that State Farm is the best choice for cheap car insurance in Pensacola.
Pensacola, renowned as a vibrant coastal city, is often recognized for its welcoming atmosphere and sunny shores. Many newcomers from the Northeast and seasonal visitors who find respite in winter homes and beachfront condos have made Pensacola their abode. This picturesque city also accommodates a considerable number of vehicles, ranging from cars to trucks, adding to its dynamic landscape. For those exploring car insurance options in Pensacola, affordability combined with comprehensive coverage is a top priority. If you’re among them, you’re in the right place.
Car insurance in Pensacola comes with an average yearly cost of approximately $2,245. This positions it favorably in comparison to Florida’s state average ($2,309) while slightly exceeding the national average of $1,548.
Within this review, our objective is to guide you towards the optimal choices. Not only will we direct you towards the most budget-friendly choice overall (State Farm), but also highlight the best options for full coverage (Travelers), minimum coverage (GEICO), coverage following driving violations (USAA), and even options tailored for seniors (Progressive).
Cheapest And Best Car Insurance Companies In Pensacola, FL 2024
Compare The Cheapest Car Insurance Companies In Pensacola, Florida
| J.D. Power Rating (Florida) | Best For | Overall Rating | Average Annual Cost | AM Best Rating | GEt A Quote | |
|---|---|---|---|---|---|---|
| State Farm |
840 |
Cheapest Overall |
|
$1,840 |
A++ |
Instant Quote |
| Travelers |
818 |
Full Coverage |
|
$2,208 |
A++ |
Instant Quote |
| USAA |
884 |
Cheapest For Driving Violations |
|
858 |
A++ |
Instant Quote |
| GEICO |
833 |
Cheapest Minimum Coverage |
|
$437 |
A++ |
Instant Quote |
| Progressive |
810 |
Seniors |
|
$2,066 |
A+ |
Instant Quote |
| GEICO |
833 |
Young Drivers |
|
$3,451 |
A++ |
Instant Quote |
Our Methodology
To discover the most affordable car insurance rates in Pensacola, we looked into data from various car insurance review sources. Some of these sources analyzed rates from public records provided by Quadrant Information Services. Our review is based on an average of these rates, but it's important to note that rates can change often and vary depending on your unique situation.
Additionally, our overall assessment takes into account my personal viewpoint. This perspective comes from my fifteen years of experience as a licensed insurance agent, fourteen years as a Florida resident, and over three decades of purchasing car insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance Companies In Pensacola, Florida
Cheapest Overall
Key Statistics
Why We Like Them
⇅Upon delving into the realm of most economical car insurance in Pensacola, Florida, our scrutiny pinpointed State Farm as a vigorous contender across all categories. However, what particularly stood out was their average rate, encompassing both minimum and full coverage, which emerged as the most budget-friendly overall. In addition, you can bundle up your car insurance and homeowners insurance in Pensacola if you own both to save on insurance rates.
State Farm boasts nearly a century-long history of insuring vehicles, solidifying its presence. In fact, it holds the distinction of having the highest number of local neighborhood offices among all insurers in the United States. This insurer extends a suite of distinctive attributes and options for drivers to capitalize on:
- Varied coverage options: Beyond standard coverage, drivers have the flexibility to opt for rental car reimbursement, roadside assistance, travel expense insurance, and even rideshare insurance.
- Telematics program: A technologically advanced program that remotely monitors driving behaviors, rewarding those who adhere to safe practices with discounted rates. This initiative aims to curtail costs for individuals with limited driving experience.
Reputable standing in the industry and customer service realm: State Farm shines with the highest AM Best ratings, earning an A++ Superior mark for financial strength. Furthermore, it garners strong ratings in J.D. Power’s evaluations of insurers operating within Florida.
Benefits & Drawbacks
⇅- Discount for usage-based insurance
- Extensive presence of local agents nationwide
- Favorable discount options for teenagers and students ✓
- Elevated annual rates for drivers with low credit scores ✘
Cheapest Overall Rates In Pensacola
| Company | Rate Per Year |
| State Farm | $2,197 |
| GEICO | $2,617 |
| Mercury | $2,891 |
| Allstate | $3,273 |
| Progressive | $3,277 |
Cheapest For Full Coverage
Key Statistics
Why We Like Them
⇅When it comes to securing the most budget-friendly full coverage in Pensacola, Travelers takes the lead. Full coverage entails:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per accident
- $50,000 property damage liability coverage per accident
- $100,000 uninsured motorist bodily injury coverage per person
- $300,000 uninsured motorist bodily injury coverage per accident
- Collision coverage featuring a $1,000 deductible
- Comprehensive coverage with a $1,000 deductible
Travelers emerges as a prominent figure in the insurance sector, known by many as a reputable name. It ranks among the major car insurance providers in the United States and captures the preference of individuals seeking to collaborate with an independent agent while seeking a one-stop solution for multiple insurance products.
Travelers shines in distinct aspects. Firstly, they offer gap insurance, a safeguard for your auto lease or loan in the event your vehicle is totaled before the loan is settled or the lease concludes. Travelers bridges the gap between your loan balance and your car’s value in such circumstances.
Secondly, Travelers’ Responsible Driver Plan delivers noteworthy benefits. This program extends the forgiveness of one accident and one minor violation within a specified timeframe. As a result, your insurance rates remain untouched despite facing a ticket or an accident.
Benefits & Drawbacks
⇅- Affordable rates for comprehensive coverage
- Wide array of available coverage options
- Among the largest insurance companies in the United States ✓
- Customer satisfaction ratings below the average
- Lack of rideshare insurance options in Florida ✘
Cheapest Full Coverage In Pensacola
| Company | Rate Per Year |
| Travelers | $2,028 |
| State Farm | $2,203 |
| Progressive | $3,281 |
| Liberty Mutual | $3,012 |
| Bristol West | $3,770 |
Cheapest For Driving Violations
Key Statistics
Why We Like Them
⇅If you’ve ever been pulled over and got a ticket, you probably saw your auto insurance rates go up, especially if you’re a younger driver. And if the offense was more serious, like DUI or reckless driving, the rate increase was likely bigger.
USAA is the fairest when it comes to raising rates after incidents like speeding tickets, at-fault accidents, or DUI convictions. People with past driving violations have seen smaller rate increases with USAA compared to other auto insurance companies.
USAA provides standard liability coverage and comprehensive and collision insurance, similar to other auto insurers. They also offer common add-ons like roadside assistance, rental car and travel reimbursement, and accident forgiveness.
However, it’s important to know that USAA only serves active military personnel, veterans, and their families.
Benefits & Drawbacks
⇅- Top-ranking J.D. Power score for customer satisfaction
- Comprehensive range of insurance, investment, and banking offerings ✓
- Exclusive availability to veterans, active military personnel, and their families ✘
Cheapest For Rate Increase After A Driving Violation
| Company | Annual Increase |
| USAA | $924 |
| State Farm | $1,592 |
| Allstate | $1,923 |
| GEICO | $2,497 |
| MetLife | $2,112 |
Cheapest For Seniors
Key Statistics
Why We Like Them
⇅Senior drivers in Pensacola tend to find some of the most affordable car insurance rates. Among the options, Progressive stands out with the lowest rates for seniors.
Progressive ranks as the third-largest auto insurance company in the country. It’s known for its wide range of coverage and numerous discounts, including coverage for rideshares and injured pets. They even offer coverage types that many other insurers don’t, like gap and rideshare insurance.
What’s more, Progressive values its long-term policyholders. If you’ve been with them for five years or more without any accidents, they won’t raise your premiums for significant claims. You can also buy accident forgiveness insurance and have multiple accidents forgiven.
Benefits & Drawbacks
⇅- Ranks as the third-largest provider of personal auto insurance in the U.S.
- Offers coverage for vet bills in case of car accident injuries to animals
- Provides rideshare coverage ✓
- Receives below-average customer satisfaction ratings according to J.D. Power
- Limited availability of agents ✘
Cheapest Coverage For Seniors
| Company | Rate Per Year |
| Progressive | $2,066 |
| Travelers | $2,270 |
| Mercury | $2,313 |
| Safeco | $2,476 |
| Liberty Mutual | $3,317 |
Cheapest For Young Drivers
Key Statistics
Why We Like Them
⇅In Pensacola, young drivers face the highest car insurance rates due to their limited driving experience and higher likelihood of being in accidents.
Among the options, GEICO stands out by offering the most budget-friendly rates for young drivers in Pensacola. Their average premium is remarkably low at $3,451. While this represents the most affordable choice for teenage and early 20s drivers, it can still be a financial challenge.
Thankfully, GEICO is notably accommodating with discounts. Young drivers have the opportunity to qualify for various discounts, including a good student discount of up to 15%. Moreover, safe drivers can enjoy a discount of up to 22% for maintaining an accident-free record, and those with new vehicles that are three model years old or newer can benefit from a new car discount.
Furthermore, young drivers who have completed a driver’s education class in school or a defensive driving course can also secure additional discounts.
Benefits & Drawbacks
⇅- Offers high policy limits
- Features a highly-rated mobile app for convenience
- Holds an A+ rating from the Better Business Bureau (BBB) ✓
- Lacks the provision of gap insurance
- Operates with a restricted number of local agents ✘
Cheapest For Young Drivers
| Company | Rate Per Year |
| GEICO | $5,447 |
| Travelers | $6,157 |
| State Farm | $7,105 |
| Mercury | $14,772 |
| Progressive | $9,268 |
Cheapest For Minimum Coverage
Key Statistics
Why We Like Them
⇅In Pensacola, our analysis revealed that GEICO tends to offer the least expensive state minimum coverage on average. In Florida, the law mandates drivers to hold at least $10,000 in property damage liability insurance and $10,000 in personal injury protection (PIP). Notably, bodily injury liability coverage is not obligatory for Florida drivers.
GEICO consistently earns commendable marks for customer service, claims handling, recommendations from customers, policy renewals, and fostering customer loyalty. As the second-largest auto insurance company in the United States, it has established a reputation for extending budget-friendly rates to customers via online platforms and phone interactions.
GEICO is equipped with an array of discounts, making it the most economical choice for Pensacola drivers owning older vehicles, aiming to curtail expenses by adhering to Florida’s mandatory minimum auto insurance coverage. Conveniently, you can manage your policy with ease through the company’s website and mobile app, both recognized for their user-friendly interfaces.
Benefits & Drawbacks
⇅- Higher-than-average J.D. Power rating for customer satisfaction
- Well-developed website and mobile app
- Numerous available discounts ✓
- Gap or rideshare insurance options are not provided
- Availability of local agents is limited ✘
Cheapest For Minimum Coverage
| Company | Rate Per Year |
| GEICO | $462 |
| State Farm | $672 |
| Travelers | $773 |
| Farmers | $1,019 |
| Mercury | $1,097 |
Average Cost Of Car Insurance In Pensacola
Average Cost In Pensacola– By Age
| Age Group | Average Yearly Rate |
| Teenagers | $6,572 |
| 20s | $3,619 |
| 30s | $2,994 |
| 40s | $3,340 |
| 50s | $3,094 |
| 60s | $2,357 |
| 70s | $3,487 |
Average Cost In Pensacola – By Gender
| Gender | Average Annual Rate |
| Male | $2,268 |
| Female | $2,292 |
Average Cost In Pensacola – By Marital Status
| Marital Status | Average Annual Rate |
| Single | $2,171 |
| Married | $2,171 |
| Divorced | $2,249 |
| Widowed | $2,188 |
Average Cost In Pensacola – By Accident And Violation History
| Violation | Average Annual Premium |
| DWI/DUI | $3,289 |
| Reckless Driving | $3,360 |
| At-Fault Accident (damage <$1,000) | $3,081 |
| At-Fault Accident (damage >$2,000) | $3,081 |
| Speeding (16-20 MPH > limit) | $2,811 |
Average Cost In Pensacola – By Credit Tier
| Very poor: | $4,406 |
| Fair: | $2,785 |
| Good: | $2,266 |
| Very good: | $2,080 |
| Exceptional: | $1,858 |
Average Cost In Pensacola – By Zip Code
| ZIP Code | Average Rate |
| 32099 | $2,272 |
| 32202 | $2,341 |
| 32204 | $2,363 |
| 32205 | $2,418 |
| 32206 | $2,462 |
| 32207 | $2,502 |
Minimum Car Insurance Requirements In Florida
As you explore car insurance options, remember the essential coverage demanded by Florida law:
- Property damage liability per accident: $10,000
- Personal injury protection: $10,000
These figures represent the minimum coverage mandated in Florida. Depending on your vehicle and driving frequency, you might consider higher limits or include collision and comprehensive insurance.
How To Buy Car Insurance In Pensacola
If you’re in the process of purchasing car insurance in Pensacola, follow these five straightforward steps for a smooth buying experience:
- Determine the kind of car insurance that suits your needs. Consider whether you require minimum coverage, full coverage, or something in between. Factor in your vehicle’s value and your annual driving mileage.
- Keep your personal and vehicle details ready. Prepare information like your driver’s license number, social security number, Vehicle Identification Number (VIN), and your current mileage.
- Obtain quotes from at least three different companies. Ensure that you’re comparing quotes with similar coverage levels and limits.
- Make your choice and secure your policy. While price is a factor, try not to base your decision solely on it. The best insurance provider for you might not necessarily be the cheapest.
- Cancel your existing policy. Remember, your new insurance company won’t cancel your old policy for you. It’s your responsibility to do so. However, don’t cancel until you’re certain that your new coverage is active.
Factors That Impact The Cost Of Your Car Insurance Policy In Pensacola
When determining your auto insurance cost in Pensacola, insurance companies consider various factors, including:
State Requirements: Your policy must meet the minimum coverage mandated by the state of Florida, which is $10,000 in damage liability and $10,000 in personal injury protection (PIP).
Your Age: Younger drivers often face higher rates due to their inexperience and higher likelihood of accidents. Rates generally start decreasing after turning 25.
Your Car’s Make and Model: Safer vehicles typically lead to lower rates. For instance, insuring a late-model Toyota Corolla usually costs less than a Chevrolet Corvette.
Driving Record: Previous accidents and traffic violations can lead to significant rate increases, as they indicate a higher likelihood of filing future claims.
Yearly Mileage: Those with long commutes tend to pay more compared to those who drive less frequently.
Credit History: A higher credit score often results in lower rates. Insurers have found that individuals with higher scores tend to file fewer claims.
Zip Code: Depending on your work location and overnight parking spot, your vehicle’s risk of vandalism or damage can affect your rate. This might lead to discounts or rate increases.
Marital Status: Married drivers generally receive lower rates than single drivers.
Gender: Men around the age of 45 typically pay around 6% less than females of the same age. However, the gender difference tends to level out for drivers in their 30s.
Florida Car Insurance Laws To Know
Motorists in Florida must possess at least $10,000 in property liability insurance and $10,000 in personal injury protection (PIP) coverage.
Florida follows a no-fault system. This means that regardless of who is at fault in an accident, insurance companies are obligated to cover medical expenses.
In The News
As reported by the Dallas Morning News, individuals throughout Florida are grappling with financial challenges due to rising costs, including the highest inflation in four decades. Concurrently, they are also contending with the most substantial yearly surge in auto insurance rates in over two decades.
Auto insurance premiums in Florida experienced a remarkable 23.8% increase in 2022, a significant jump compared to the 2021 rate and marking the highest annual rise in at least 20 years. This data, provided by the Florida Department of Insurance, is paralleled by a 10.8% average uptick in homeowners insurance rates in the state during the previous year, representing the most notable annual increase since 2012.
Information About Pensacola
Pensacola stands out with its vibrant community, expanding population, robust economy, diverse cultural scene, and ample recreational options, solidifying its status as a dynamic city. Covering an area of 40.7 square miles, Pensacola offers a blend of coastal beauty and urban convenience.
Ranked as the 83rd largest city in the U.S. in terms of population, Pensacola boasts an affordable cost of living compared to other Florida locales. The city’s appeal is bolstered by advantageous tax policies, including exemptions from corporate franchise tax, state personal tax, inventory tax, and foreign income tax. Anchored by multiple educational institutions and the presence of naval bases, Pensacola nurtures a versatile and skilled workforce.
Car Insurance Discounts In Pensacola
Car insurance rates in Pensacola offer more affordability compared to larger cities in Florida, such as Tampa and Miami. If you’re aiming to lower expenses, exploring available discounts is crucial. The prevalent discounts include:
- Having a good driving history
- Installing vehicle safety features
- Customer loyalty
- Being claims-free
- Driving fewer than average miles
- Being a student with at least a “B” average
- Military discount
- Senior discount
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FAQs
How much does car insurance cost in Pensacola on average?
On average, full coverage car insurance in Pensacola costs around $2,562 per year, while minimum coverage averages at approximately $1,121 annually.
What is the cheapest car insurance in the State of Florida?
For those seeking minimal liability coverage, GEICO offers the most affordable car insurance in Florida, with rates starting at $437 annually.
Do I need car insurance in Pensacola?
Auto liability insurance is mandatory for Pensacola drivers as per Florida law, ensuring coverage in case of accidents.
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